Fiat has unveiled an all-new electric vehicle this week called the 2013 Fiat 500e. This is first electric vehicle in the Fiat Cinquecento line and should deliver an estimated 116 MPGe fuel rating in the city. Fiat also promises that the little electric car will get 100 MPGe on the highway.

The estimated driving range for the 500e is 80 miles on a full charge (although Chrysler points out that city driving could see that range extended past 100 miles). The vehicle has a new battery-electric powertrain producing 111 hp and the battery packs are able to recharge in under four hours when combined with the Level 2 onboard charging module.

"The Fiat 500e changes the paradigm in an electric vehicle market that's quickly becoming crowded," said Tim Kuniskis, Head of FIAT Brand North America. "The Fiat 500e offers iconic Italian design and a great combination of performance and range, with battery technology that delivers consistent performance across all weather conditions."

Inside the vehicle is a seven-inch TFT instrument cluster display that shows full-color graphics to illustrate vehicle functions. The data provided includes charge levels and a trip summary. The vehicle also has integrated TomTom Navigation allowing the driver to view the vehicles charge schedule, range, and power flow gauges as well as find nearby charging stations with real-time availability. The electric vehicle also gets an electronic shifter with pushbutton transmission mode selection.

The Fiat 500e will hit dealer showrooms in second quarter 2013 at an undisclosed price.